Gone bust..or do I error?

[Superbad]

I am getting the impression that Steve Graham Sales Ltd based in Littleborough has gone into liquidation...really annoying as it is only 20 miniutes from where I live,where I got all my mild steel sheet and flat bars from

 

[Mark 2]

Notice is hereby given that the following resolutions were passed on 19th March 2026 as a special resolution and an ordinary resolution respectively:

"That the company be wound up voluntarily"; and

"That Tina Bullock be appointed as Liquidator for the purposes of such voluntary winding up."

 

[Craig-S]

STEVE GRAHAM SALES LTD overview - Find and update company information - GOV.UK

STEVE GRAHAM SALES LTD - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity

find-and-update.company-information.service.gov.uk

 

[Shedendman]

And many more to following way things are going

 

[Wildefalcon]

Sadly true. It's not a good environment for people trying to make a living from a small business these days.

 

[harveyp6]

Once you start looking it's really depressing. Companies of all sizes are failing on a daily basis, and with the business rates increases last week I can only see it getting worse.

 

[Craig-S]

Its not just here, Oracle just laid off 30,000 people globally.

 

[Superbad]

Its not just here, Oracle just laid off 30,000 people globally.

A Tech Giant

 

[Superbad]

Baffles me,because each time I go there,it is always bustling

 

[Munkul]

Steel stockholding has to be one of the hardest businesses to stay in.

Supply prices constantly fluctuating, small customers creating 80% of the overheads, cashflow is terrible if they're giving longer invoice terms which they usually do to bigger customers
Then those big customers sometimes going bust and completely wrecking the job. Commodity goods at cutthroat pricing with very little margin left in it.

 

[Superbad]

Steel stockholding has to be one of the hardest businesses to stay in.

Supply prices constantly fluctuating, small customers creating 80% of the overheads, cashflow is terrible if they're giving longer invoice terms which they usually do to bigger customers
Then those big customers sometimes going bust and completely wrecking the job. Commodity goods at cutthroat pricing with very little margin left in it.

I just feel sorry for the staff...they were always switched and very helpful.....if I won a good chunk on the lottery,I'd be keeping such place open....amongst other areas in the Classic car restoration circles....I was watching Car SOS and a fella in a small lockup moulded a new bakelite steering wheel

 

[Pigeon_Droppings2]

Possibly getting out early on a voluntary basis?

I know people in the UK running business and what they say isn't good.

 

[northwest]

I was seriously considering starting up something to make a few quid for the missus as she will be leaving the company the end of this year. Looking for something possibly online or even dare I say it; Etsy based.
After four or possibly five days of thinking about all the possibilities I gave up and decided that our combined pension income will have to do for her to manage the house on. She also has a private pension but the worry is that by the time she is eligible to draw on hers the Govt will have a system that whatever you get privately gets deducted from your state pension.

 

[harveyp6]

She also has a private pension but the worry is that by the time she is eligible to draw on hers the Govt will have a system that whatever you get privately gets deducted from your state pension.

The pension that she's worked and paid for? Nice. I don't know if that's a proposal for the future or not, but nothing would surprise me.

 

[premmington]

Sadly true. It's not a good environment for people trying to make a living from a small business these days.

It is hard work - costs of operating are just rising - everybody who supplies raising the cost of just everything - try passing this on to the end user - who really has not got any money and you end up with no work to do.

You just end up with gross takings going up - the Govt gets more VAT from someone in the chain (the end user who can't claim it) - but the final profit margin is less...

 

[ukracer]

It is hard work - costs of operating are just rising - everybody who supplies raising the cost of just everything - try passing this on to the end user - who really has not money and you end up with no work to do.

Its a very very simple equation. Start a war as you and your mates have shares in weapons/munitions...... Raise the price of energy and almost all if not every business (and workers travelling to work) will have increased costs. Its then a death spiral similar to everyone burning a 100 pound notes every week. Even if it stops the destruction outweighs the benefits for many many many years to come.

 

[Agroshield]

Possibly getting out early on a voluntary basis?

If you research 'voluntary liquidation', you find there are two types, one by shareholders, one by creditors. Looking on Companies House, this one is by creditors.

 

[Nick DV]

And many more to following way things are going

Still only the tip of the iceberg methinks

 

[Mikes]

My nearest (10 miles away) local independant car parts shop packed up a few weeks ago. Terrible as a good place to get everything. Sad reflection on the current state of affairs. Nothing similar for miles.

 

[premmington]

My nearest (10 miles away) local independant car parts shop packed up a few weeks ago. Terrible as a good place to get everything. Sad reflection on the current state of affairs. Nothing similar for miles.

If your local inependant motor factors - would not "or could not" join "a buying group" - they are were doomed - in the currect climate....